RBI unveils National Strategy for Financial Inclusion 2019-24
The Reserve Bank of India (RBI) has recently unveiled a National Strategy for Financial Inclusion 2019-24. It aims at providing formal and affordable financial services and to promote financial literacy among customers.
Reserve Bank of India under the aegis of Financial Inclusion Advisory Committee (FIAC) have released the strategy. Some of its recommendations include: Setting up Financial service providers in 5 km range, Public Credit Registry by 2022, etc.